PASHA_BANK ANNUAL REPORT 2021

195 Annual Report 2021 PASHA Bank (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) PASHA Yatırım Bank A.Ş. Notes to Unconsolidated Financial Statements At 31 December 2021 INFORMATION RELATED TO UNCONSOLIDATED FINANCIAL POSITION AND RISK MANAGEMENT (Continued) IX. EXPLANATIONS ON THE PRESENTATION OF FINANCIAL ASSETS AND LIABILITIES AT THEIR FAIR VALUES Fair value calculations of financial assets and liabilities The fair values of financial assets amortised at cost are determined based on market prices or when this price is not available, based on market prices quoted for other securities subject to the same redemption qualifications in terms of interest, maturity and other similar conditions. The fair value of marketable securities issued is calculated according to quoted market prices and if these are not available, amounts derived from discounted cash flow models. The expected fair value of loans and receivables are determined by calculating the discounted cash flows using the current market interest rates for the fixed loans with fixed interest rates. For the loans with floating interest rates, it is assumed that the carrying value reflects the fair value. The following table summarizes the carrying values and fair values of financial assets and liabilities. The carrying value represents the acquisition costs and accumulated interest accruals of corresponding financial assets or liabilities. Carrying Value Fair Value Current Period Prior Period Current Period Prior Period Financial Assets 3,362,479 1,948,081 3,349,675 1,947,198 Interbank money market placements - 23,011 - 23,011 Banks 209,910 121,511 209,910 121,511 Cash and balances at Central Bank 283,769 155,100 283,769 155,100 Derıvative Financial assetes 13,604 493 13,604 493 Financial assets at fair value through profit or loss 20,956 7,405 20,956 7,405 Financial assets at fair value through other comprehensive income 50,685 30,850 50,685 30,850 Financial assets measured at amortised cost 361,103 116,776 362,777 123,407 Loans 2,422,452 1,492,935 2,407,974 1,485,421 Financial Liabilities 2,906,564 1,574,249 2,915,019 1,565,880 Banks’ deposits - - - - Other deposits - - - - Funds borrowed from other fin. Institutions 1,376,052 803,224 1,382,000 798,463 Securities issued 1,222,459 647,016 1,225,068 643,397 Miscellaneous Payables 74,237 44,804 74,196 44,804 Payables to money market 205,523 53,263 205,465 53,274 Derıvative financial liabilities 114 1,430 114 1,430 Borrowers’ Funds 28,179 24,512 28,176 24,512